Momentum Group AB (publ) (OM : MMGR B) signed an agreement to acquire 70% stake in Hydmos Industriteknik Aktiebolag on January 12, 2023. Hydmos will continue to be run as an independent subsidiary and competence centre under the current management. Closing is expected to take place in February 2023 and the acquisition is expected to have a marginal positive impact on Momentum Group's earnings per share during the current financial year.